Keir Starmer vows to ‘embrace harsh light of fiscal reality’ ahead of budget

PM will defend Labour plans in speech and insist working people need better public services more than lower taxes

Keir Starmer will promise to “embrace the harsh light of fiscal reality” on Monday as his chancellor prepares to unveil a budget that includes billions of pounds’ worth of tax rises and spending cuts.

The prime minister will give a speech in the West Midlands defending Labour’s approach to the economy, as Rachel Reeves prepares to announce what she promises will be as momentous a budget as any in the party’s history.

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Labour suspends MP Mike Amesbury after video appears to show him punching man

Footage appears to show MP for Runcorn and Helsby knocking man to ground before aiming six more blows at his head

Labour has suspended the whip from the MP Mike Amesbury after footage appeared to show him punching a man to the ground, the party said.

A video published by the Mail appeared to show Amesbury, the MP for Runcorn and Helsby, hitting the man in the face and knocking him to the floor, before standing over him and aiming six more blows at his head.

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Keir Starmer appoints former Blair and Brown aide as his political director

Claire Reynolds, the director of Labour Women’s Network, will take on task of liaison between No 10, party and MPs

Keir Starmer has appointed a former aide to Tony Blair and Gordon Brown as his new political director in Downing Street.

The prime minister has given the senior role to Claire Reynolds, the director of Labour Women’s Network, who was credited with helping get 100 new female MPs elected this summer.

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OBR to publish breakdown of claimed £22bn ‘black hole’ on budget day

Former chancellor Jeremy Hunt says decision to publish findings of review on Wednesday is ‘significant concern’

Britain’s fiscal watchdog is to publish a detailed breakdown of the £22bn “black hole” that Labour says it inherited after Rachel Reeves presents the budget on Wednesday.

The Office for Budget Responsibility will release the conclusion of its review of how the forecast for departmental spending for its last economic and fiscal outlook, published for the March budget, was prepared.

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Reeves: ‘My budget will match greatest economic moments in Labour history’

The chancellor says she will invest to reverse Tory decline, but stands accused of breaking party manifesto promises

Labour will launch a new era of public and private investment in hospitals, schools, transport and energy as momentous as any in the party’s history in this week’s budget, the chancellor, Rachel Reeves, has said.

In an interview with the Observer before the first budget by a female chancellor, Reeves draws comparisons with Labour’s historic reform programmes begun in 1945 by Clement Attlee, in 1964 under Harold Wilson and in 1997 under Tony Blair.

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Cheshire MP ‘will cooperate’ with police after reports of alleged assault

Labour’s Mike Amesbury says he felt ‘threatened’ after footage appears to show him berating man lying on road

The MP Mike Amesbury said he will “cooperate with any inquiries” police have as officers investigate reports of an alleged assault involving the Labour backbencher in Cheshire.

Amesbury, 55, said an incident on Saturday had left him feeling “threatened” after footage circulated online appearing to show him berating a man who was lying on the road before a bystander pushed him away.

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Chancellor pledges extra £500m for social homes in budget

Treasury plans £5bn total investment in housing supply and a reduction in discounts under the right-to-buy scheme

The Treasury has announced an extra £500m for social homes in the budget, in what appears to be a compromise with the housing department, led by Angela Rayner, over the scale of ambition required in the sector.

The promise of an additional £500m for the government’s affordable homes programme (AHP) is intended to add up to 5,000 extra social homes. The Treasury said it will bring total investment in housing supply to £5bn.

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Labour to announce plans for five new UK freeports in budget

Starmer says new low-tax zones, a policy inherited from the Tories, will ‘have this government’s stamp on them’

Downing Street will announce five new freeports in next week’s budget as part of its effort to drive economic growth.

Ministers will set out plans to establish five new low-tax zones, plus an investment zone in the East Midlands, where businesses will benefit from tax breaks such as lower tariffs and customs.

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Budget will reverse huge cuts in UK’s public investment, Reeves confirms

Chancellor pledges to spend, but says there will be no Truss-style splurge when she changes fiscal rules in budget

Rachel Reeves will pledge to reverse huge cuts in public investment in her budget next week after she confirmed that rules limiting her spending power will be overhauled to enable the government to release as much as £50bn for infrastructure spending.

The chancellor said she would revise how the Treasury calculated shortfalls in the government budget over the rest of the parliament to free up funds to invest in public infrastructure.

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Jeremy Hunt claims Labour changing debt definition will ‘punish families with mortgages’ – as it happened

Former chancellor says ‘increasing borrowing means interest rates would be higher for longer’ as Reeves says it will ‘make space for investment’

Nigel Farage, the Reform UK leader, has said that “no one knows” who Robert Jenrick, the Tory leadership contender, is.

Of the two candidates left in the contest, Jenrick is the one who is doing most to appeal to Tories who defected to Reform UK, because he is saying Britain should leave the European convention on human rights.

I know the fella. Is he the chap that one day was on the very much on the left of the Conservative party and is now on the right of the Conservative Party?... No one knows who he is.

I’m sure government can agree that support and providing opportunities for young people should be central to the policy of any government. We are glad to see the government working to build closer economic and cultural ties with Europe. We want to forge a new partnership with our European neighbours, built on cooperation, not confrontation and move to a new comprehensive agreement.

We must build rebuild confidence through seeking to agree partnerships or associations helping to restore prosperity and opportunities for British people.

We are not going to give a running commentary on the negotiations. We will obviously look at EU proposals on a range of issues, but we are clear that we will not return to freedom of movement.

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Reeves to announce major change to fiscal rules releasing £50bn for spending

After weeks of speculation, chancellor will tell IMF in Washington that UK’s debt measure will be redefined to permit borrowing for investment

Rachel Reeves will announce at the International Monetary Fund a plan to change Britain’s debt rules that will open the door for the government to spend up to £50bn extra on infrastructure projects.

After weeks of speculation, the chancellor will confirm at the fund’s annual meetings in Washington on Thursday that next week’s budget will include a new method for assessing the UK’s debt position – a move that will permit the Treasury to borrow more for long-term capital investment.

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Angela Rayner defends right of activists to campaign in US elections after criticism from Donald Trump – UK politics live

Comment follows accusation from Trump campaign that Labour staffers had been interfering in US election

The Labour party has put out a statement rejecting allegations that it broke US election law because activists and staff members have been volunteering to help the Democrats.

A Labour spokesperson said:

It is common practice for campaigners of all political persuasions from around the world to volunteer in US elections.

Where Labour activists take part, they do so at their own expense, in accordance with the laws and rules.

We said that because working people had already paid the burden under the last government, we wouldn’t increase the taxes, the main taxes that working people pay, so income tax - all rates - national insurance and VAT. So those taxes that working people pay, we’re not increasing those taxes in the budget.

We go into this budget with a number of challenges - the £22bn black hole just this year, in the public finances, the unfinanced company compensation schemes, for example on infected blood and Horizon, it’s really important that we honour but they weren’t in the forecasts from the previous government.

The fact that the previous government had baked in austerity to our public spending settlements in the years to come, and we committed to not return to austerity.

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Labour donor Waheed Alli found to have breached rules on register of interests

Findings by House of Lords standards commissioner do not relate to party donations but to way he registered business interests

The Labour donor and strategist Waheed Alli has been found to have breached House of Lords rules over his declarations of interest, including in an an offshore firm based in the British Virgin Islands.

The findings by the House of Lords standards commissioner do not relate to Lord Alli’s donations to Keir Starmer or the Labour party, but to errors in the way he had registered his business interests. The peer apologised in writing and updated the record.

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Lloyds backs Reeves budget plans despite mooted tax increases

Bank expects ‘constructive, pro-growth agenda’ by chancellor next week and seeks to be part of it

Lloyds Banking Group has backed the Labour government’s forthcoming budget and played down the impact of any tax increases, which it said would probably be part of a “constructive, pro-growth agenda”.

The chief financial officer of the UK’s biggest mortgage lender, William Chalmers, said he would welcome a budget package that was consistent with government pledges to kickstart growth and investment in key areas such as energy, infrastructure and housing.

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No 10 says Starmer ‘shares public anger’ at early prisoner releases but system facing paralysis without it – as it happened

Downing Street says government ‘shocked’ at inheriting prisons crisis as hundreds of prisoners get early release. This live blog is closed

The funeral of Alex Salmond, the former Scottish first minister who died suddenly earlier this month after delivering a speech in North Macedonia, will be held on Tuesday 29 October, his family has announced.

The funeral will be at Strichen parish church in Aberdeenshire. It will be conducted by Rev Ian McEwan, a friend of the family, and only family and close friends are invited. Salmond will be laid to rest in Strichen cemetery.

According to the Eurostat data, England and Wales had 144 prisoners per 100,000 head of population, the 8th highest rate among EU countries and the highest amongst western European jurisdictions. Scotland had the 9th highest with 137 prisoners per 100,000. Northern Ireland had 76 prisoners per 100,000 of population and was ranked 24th.

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Cross-party MPs urge Reeves to impose 2% tax on wealth above £10m

Move could raise £24bn a year say signatories including Jeremy Corbyn as polls suggest public support

A cross-party group of 30 MPs has urged Rachel Reeves to impose a wealth tax on Britain’s rich in next week’s budget rather than announce spending cuts that would hit the most poor hardest.

In a letter to the chancellor, the MPs – including the former Labour leader Jeremy Corbyn and his then shadow chancellor, John McDonnell – say she could raise £24bn a year from a 2% tax on wealth above £10m and lay the foundations for a fairer, more sustainable economy.

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UK to lend Ukraine an additional £2.26bn for weapons to fight Russia

Loans will be repaid using interest generated by $300bn of frozen Russian assets held in the west

Britain is to lend Ukraine an additional £2.26bn and allow Kyiv to spend the money on weapons to fight off the Russian invasion as part of a wider $50bn (£38.5bn) loan programme expected to be confirmed by G7 members later this week.

The loans will be repaid using interest generated by the $300bn of frozen Russian assets held in the west, with the extra funds promised as the US heads towards a presidential election where support for Ukraine is a divisive issue.

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Employment rights bill will cost firms £5bn per year but benefits will justify costs, government says – as it happened

Analysis from business and trade department says bill will significantly strengthen workers’ right. This live blog is closed

In the past the weirdest budget tradition was the convention that the chancellor is allowed to drink alcohol while delivering the budget speech. But since no chancellor has taken advantage of the rule since the 1990s (and no one expects Rachel Reeves to be quaffing on Wednesday week), this tradition is probably best viewed as lapsed.

But Sam Coates from Sky News has discovered another weird budget ritual. On his Politics at Jack and Sam’s podcast, he says:

Someone messaged me to say: ‘Did you know that over in the Treasury as they’ve been going over all these spending settlements, in one of the offices, its full of balloons. And every time an individual department finalises its settlements, one of the balloons is popped.’

There couldn’t be a more important time for us to have this conversation.

The NHS is going through what is objectively the worst crisis in its history, whether it’s people struggling to get access to their GP, dialling 999 and an ambulance not arriving in time, turning up to A&E departments and waiting far too long, sometimes on trolleys in corridors, or going through the ordeal of knowing that you’re waiting for a diagnosis that could be the difference between life and death.

We feel really strongly that the best ideas aren’t going to come from politicians in Whitehall.

They’re going to come from staff working right across the country and, crucially, patients, because our experiences as patients are also really important to understanding what the future of the NHS needs to be and what it could be with the right ideas.

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Rachel Reeves will tax businesses to plug £9bn black hole in NHS

The chancellor is set to announce a revenue-raising budget designed to reset Britain’s public finances

Rachel Reeves is set to use one of the most pivotal budgets of recent times to call on businesses to pay more tax to help restore the NHS, amid warnings that the health service has been left with a £9bn hole in its finances.

The chancellor is expected to stake her reputation on a tax-­raising budget designed as a reset of the public finances. She has already had to deal with cabinet skirmishes over funding unveiled alongside the statement. However, Reeves is understood to believe that the public will accept a multibillion-pound hike in business taxes if it is linked to repairing the health system’s finances.

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Quarter of UK summit investment came before Labour win, analysis suggests

Ministers heralded ‘record-breaking’ £63bn total at London event but £16.5bn appears to have preceded July election

About a quarter of the investment announced by the government at its summit this week appears to have been secured or initiated before Labour came to power.

Ministers touted £63bn of investment at the summit on Monday, where they hosted hundreds of company bosses in a showcase of the UK’s pro-growth policies.

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